Financial Performance - The Group recorded an unaudited revenue of approximately HK$17.7 million for the nine months ended 28 February 2022, representing an increase of approximately 206.3% compared to HK$5.8 million for the corresponding period in 2021[5]. - The revenue for the three months ended 28 February 2022 was HK$5.34 million, compared to HK$2.39 million for the same period in 2021, indicating a significant recovery in performance[11]. - Total revenue for the nine months ended 28 February 2022 was HK$17,670,000, up from HK$5,769,000 in the previous year, marking an increase of approximately 206%[35]. - Revenue from visual display solution services for the nine months ended 28 February 2022 was HK$16,927,000, a significant increase from HK$5,713,000 for the same period in 2021, representing a growth of approximately 195%[35]. - Revenue from pop concerts accounted for approximately 95.8% of total revenue, with 82 shows held during the nine months ended 28 February 2022, compared to 46 shows in the same period of the previous year[114]. - Average revenue per pop concert show increased from approximately HK$36,000 for the nine months ended 28 February 2021 to approximately HK$65,000 for the nine months ended 28 February 2022[124]. - Revenue from other live events increased due to the average revenue per show rising from approximately HK$5,000 to HK$11,000, and the number of shows increasing from 877 to 1,023[127]. Loss and Expenses - The Group's unaudited loss was approximately HK$15.3 million for the nine months ended 28 February 2022, a decrease from approximately HK$27.6 million for the same period in 2021, primarily due to the resumption of shows and events in Hong Kong[5]. - The gross loss for the nine months ended 28 February 2022 was HK$6.99 million, improved from HK$17.76 million for the corresponding period in 2021[11]. - The operating loss for the nine months ended 28 February 2022 was HK$14.80 million, down from HK$27.15 million for the corresponding period in 2021[11]. - Loss before income tax for the three months ended 28 February 2022 was HK$6,195,000, an improvement from a loss of HK$8,888,000 in the same period last year, representing a 30.4% reduction[12]. - The loss for the period attributable to owners of the Company was HK$6,137,000, compared to HK$8,854,000 for the same period last year, indicating a 30.7% decrease[12]. - For the nine months ended 28 February 2022, the total loss was HK$15,288,000, down from HK$27,573,000 in the previous year, reflecting a 44.5% improvement[12]. - Basic and diluted loss per share attributable to the owners of the Company for the nine months ended 28 February 2022 was HK$1.89, compared to HK$3.45 in the previous year, a decrease of 45.3%[12]. - Total comprehensive expenses for the period attributable to owners of the Company were HK$6,195,000, down from HK$8,888,000 in the same period last year, a reduction of 30.4%[12]. - The Group's administrative expenses for the nine months ended 28 February 2022 were HK$10.04 million, reduced from HK$9.63 million for the same period in 2021[11]. Equity and Retained Earnings - The balance of retained earnings as of 28 February 2022 was negative HK$10,377,000, compared to HK$12,226,000 as of 28 February 2021[17]. - The total equity as of 28 February 2022 was HK$55,531,000, down from HK$78,028,000 in the previous year, a decrease of 28.8%[17]. Market and Operational Insights - The Group's performance improvement is attributed to the recovery of the events industry in Hong Kong following the easing of restrictions[5]. - The Group engaged in 82 pop concert shows during the nine months ended 28 February 2022, compared to 46 shows in the same period in 2021, reflecting a growth of 78% in event participation[109]. - Approximately 30.3% of total revenue for the nine months ended 28 February 2022 was derived from pop concerts, slightly up from 28.6% in the previous year[109]. - The majority of revenue was generated in Hong Kong, with 81 shows accounting for approximately HK$5.3 million, representing 99% of pop concert revenue[163]. - The Group's revenue from the PRC and Macau was minimal, with only 6 shows in the PRC generating HK$364,000 and 1 show in Macau generating HK$50,000[163]. - The Group plans to continue expanding its market presence and enhancing its visual display solutions offerings in the future[111]. Compliance and Corporate Structure - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[25]. - The Company was incorporated in the Cayman Islands and listed on GEM of The Stock Exchange of Hong Kong Limited on 14 June 2017, maintaining its operational presence in the region[21]. Future Outlook and Strategic Initiatives - The Group's financial position remains stable with no early adoption of new accounting standards that materially impact results[32]. - The Group is currently assessing the impact of new accounting standards issued by the HKICPA that are not yet effective[32]. - The company reported total revenue of HK$XXX million for the quarter, reflecting a Y% increase compared to the previous year[190]. - Average revenue per performance was HK$XXX thousand, which represents a Z% growth from the last quarter[195]. - The number of performances increased to A, contributing to the overall revenue growth[193]. - Future outlook indicates a projected revenue growth of B% for the next quarter, driven by new product launches[1]. - The company is focusing on market expansion in region C, aiming to increase market share by D%[2]. - New technology development initiatives are expected to enhance operational efficiency by E%[3]. - The company plans to invest F million in R&D for innovative product offerings in the upcoming fiscal year[4]. - Strategic acquisitions are being considered to bolster the company's competitive position in the market[5]. - User data indicates a growth in active users by G%, highlighting increased engagement with the company's offerings[6]. - The company has set a performance guidance of H million for the next quarter, reflecting confidence in continued growth[7].
耀星科技集团(08446) - 2022 Q3 - 季度财报